Cong struggles to finalise candidate for Shivajinagar; BJP mulls fielding Roshan Baig’s kin

Agencies
October 1, 2019

Bengaluru, Oct 1: With the announcement of dates for by-polls to 15 Karnataka Assembly seats, Congress and the BJP seem to be struggling to find a suitable candidate for the Shivajinagar Vidhan Sabha seat.

Bypolls to the Muslim dominated constituency, which has close to 1.9 lakh voters was necessitated after the resignation of former Congress leader R Roshan Baig. People in the constituency were affected in the IMA multi-crore Ponzi scam.

The party is struggling with internal rivalry as party leaders Dinesh Gundu Rao and Siddaramaiah are in favour of fielding MLC Rizwan Arshad, from the constituency. Arshad had fought and lost the Lok Sabha election on a Congress ticket from Bangalore Central.

However, others are against him as they believe his links with the IMA Ponzi scam makes him an unsuitable candidate.

Senior Congress leader BK Hariprasad said, "The candidate can be from any religion or community but the only demand we have that is his name should not be linked with the IMA Ponzi scam in any way."

Other leaders in the party are vouching for Saleem Ahmad, who although fairly new to the constituency has a clean image.

Meanwhile, BJP too is likely to field Roshan Baig's son Ruman Baig or his kin as the candidate, whose name has been linked with the IMA Ponzi scam.

A senior BJP leader, on conditions of anonymity, too voiced concerns over Baig or his family members being given a ticket and added, "We are trying to satisfy Roshan Baig's ego by giving the ticket to that tainted family. But this will definitely damage the party in Shivajinagar constituency."

A fruit merchant from Shivajinagar, Idis Chaudhary, highlighting the dilemma the voters will face during the by-elections said, "We are very much worried about candidates but we do not have any choice. We will have to choose one among them. The point is whom should we choose more, the more tainted one or less tainted one?"

The Congress too is being urged by its senior leaders to field a non-Muslim name from Shivajinagar, who is not connected in any manner to the multi-crore ponzi scam that had rocked the city in the past month.

The name of BR Naidu, a former corporator election candidate is being presented as an alternative to Roshan Baig in the political circles.

Naidu, had once been a follower of Baig but distanced himself from him once the news of his alleged involvement in the IMA Ponzi scam broke.

The CBI is investigating allegations of IMA cheating 40,000 investors by promising high returns using Islamic ways of investment.

IMA founder Mohammed Mansoor Khan had fled the country but was later arrested on his arrival from Dubai in July this year. The SIT had later handed over the investigation to the CBI.

The CBI has already filed a charge sheet against Mansoor and 19 others in the alleged multi-crore ponzi scam case. The charge sheet was filed against Mansoor, seven of the company's directors, five members, one auditor and five companies related to IMA group for cheating, criminal conspiracy and breach of trust under relevant sections of the IPC in a court here on September 7.

The scam came to light in June this year after the prime accused, Mansoor, fled the country, leaving behind an audio message, in which he threatened to commit suicide due to alleged 'harassment' by some politicians and goons.

Comments

SAM
 - 
Wednesday, 2 Oct 2019

Throw the Beigh family to dump yard for chearing Congress party and community and joining communal party. He doesn't deserve to be called a leader, such a cheater  to be thrown out even from the community.  I think public of the constituency teach him and his family a befitting lesson.

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News Network
March 31,2020

Kasaragod, Mar 31: The latest incidents of critically-ill patients dying due to lack of medical attention has been a cause of concern for the people here who had largely been depended on hospitals in Mangalore.

However the lock down has hindered follow-up treatment for these critically ill as the Karnataka authorities has been steadfast in restricting entry into their land.

The people of Kasaragod has been largely depended on the medical facilities in Mangalore for critical illness care. It was the gross inadequacies in critical healthcare in the district besides rather-easy proximity to nearby and bigger town that many residing on the north-east of the district have since long been making it to Mangalore for treatment of critical illness like cancer, dialysis and the alike.

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News Network
April 7,2020

Bengaluru, Apr 7: Former Minister and Leader of the Opposition Siddaramiah on Tuesday termed the shutting by private clinics in the state by doctors as an 'inhuman act'.

Taking to micro-blogging site Twitter, the Congress leader said due to the fear of Novel Coronavirus, the doctors have closed their private clinics, which was against their profession.

This has affected the people, especially those, who are suffering from other deceases. He urged Chief Minister B S Yediyurappa to intervene and resolve the issue immediately.

Despite the government instructions not to close down their clinics, the doctors have not been responding positively, Mr Siddaramaiah noted.

In this connection, the government should act seriously and give necessary warning to the doctors, to either open their clinics to serve the people, or face action, he added.

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Agencies
June 26,2020

New Delhi, Jun 26: With looming uncertainty and no likelihood of an early economic recovery in sight, the bull run in gold prices is here to stay. Analysts expect domestic futures to touch ₹ 52,000 per 10 grams in the next few months, till Diwali.

Experts also predict that with the current trend, gold may reach historic levels around ₹ 65,000 per 10 grams in two years time.

Futures of the yellow metal have touched new highs in India off late. On Wednesday, the August contract of gold futures on the Multi-Commodity Exchange (MCX) touched an all-time high of Rs 48,589 per 10 grams.

It has, however corrected since and is currently trading at ₹ 48,057 on the MCX, higher by ₹ 116 or 0.24 per cent from its previous close.

Market experts are of the view that both domestic and international gold prices are yet not done breaching records and will touch new highs in days to come.

The resurgence in the number of new cases of coronavirus infection across the globe has added to the uncertainty and fears.

Speaking to media persons, Anuj Gupta, DVP for Commodities and Currencies Research at Angel Broking, noted: "In short term we are expecting it to reach ₹ 48,800-49,000 and for long term, we are expecting ₹ 51,000-Rs 52,000 till Diwali."

On the prices in the international market, he said that it may reach around $1,790 per ounce in the near term from the current levels of $1,762 and the long term, it is likely to be around $1,820-1,850 per ounce.

Gupta noted that with International Monetary Fund's (IMF) latest downward revision of economic outlook, both global and of India, and the rising number of cases and high demand by gold exchange traded funds (ETF) have led to this record breaking rise in gold prices.

Covid-19 battered India's economy is projected to contract by 4.5 per cent this fiscal, according to the IMF and the global output is projected to decline by 4.9 per cent in 2020, 1.9 percentage points below the IMF's April forecast.

Hareesh V, Head of Commodity Research at Geojit Financial Services, said that gold's safe haven appeal will remain on the higher side as there is little hope of a quick global economic recovery amid rising virus cases across the world.

"Increased geopolitical instability and an under-performing dollar also lift the metal's sentiments," he added.

According to Prathamesh Mallya, AVP Research, Non-Agro Commodities & Currencies at Angel Broking, said that with the global output to contract and the economies in a deeper recession than most anticipate, gold as an asset class is a safe bet for investors across the globe.

"Although, the physical demand has declined drastically due to the restrictions and lockdowns, the activity of global central banks and their net purchases of gold signal that uncertainty will continue for most of 2020," he said.

He was also of the view that in the international market price of the metal may move towards $1,850 per ounce and in the domestic market it is likely to move higher towards Rs 50,000 per 10 grams.

"The investment demand as seen in the net additions of ETF holdings also signals that gold will shine for a much longer time even if the pandemic is under control. Till then, keep buying gold, if not in physical form, but in digital form," Mallya added.

Industry insiders like Aditya Pethe, Director, WHP Jewellers said: "I basically feel that the current trend for the gold is bullish and for the coming next 2 years, it is likely to move upwards. No one can predict the exact price as currently the trend is on rise but it might change after 6 months. In general for the coming 6 months to one year, the gold prices are likely to cross $2,000 which comes to roughly Rs 55,000. For a temporary moment it may reduce, basically fluctuate as well but overall trend of gold is going to be bullish."

On his part, Ishu Datwani, Founder, Anmol Jewellers said: "Yes - it's very likely that the gold price could easily go up to Rs 60,000-Rs 65,000 in the next two years. There is also a possibility of it going up even more."

"A lot of banks have been buying gold and there is also a possibility that the Indian rupee will depreciate against the dollar. This and geopolitical reasons will cause bullishness in gold."

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